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NextEra Energy and Dominion Energy’s Dividend Outlook

Vincent Kruger
NextEra Energy and Dominion Energy’s Dividend Outlook

NextEra Energy (NEE) and Dominion Energy (D) expect their EPS to increase 7% per year for the next few years. Their higher earnings growth will likely drive their premium dividend growth. Dominion Energy’s earnings growth could improve over the long term given its impending purchase of SCANA (SCG). Dominion Energy and NextEra Energy are offering dividend growth of 8% and 13%, respectively—notably higher than the industry average.